Choosing between 2 full-time roles
Hey y'all, wanted some advice. Some background: I'm a senior in college with 2 full-time offers. One's IB at a BB, where I interned this summer, and one's private credit at an asset manager, where I interned the summer before. I'm interested in eventually working in markets, like at a hedge fund.
For context, I've accepted my IB offer but didn't like the experience for lots of reasons, and it's not something I'm interested in. I'm thinking about reneging, and only accepted a return bc job security. For PC I loved interning there, learned a lot more than I did in IB, and enjoyed the work (and it pays similar salary + estimated bonus as my IB offer).
I'm unsure what to do since I'd like to ultimately work in markets (like a credit HF) but idk how they'd evaluate candidates coming from PC since IB has always been the traditional route. My degree is also in both business and STEM, so I'd also be interested in moving into the PM or quant space at some point (considering grad school later on too). Am I making the right move to start my career? I personally really hated the IB environment and wouldn't want to spend part of my 20s there, but is it risky doing PC instead when it comes to career trajectory?
I am no specialist but if you enjoy the work in PC more and you genuinely learned more while in there, I think its a no brainer.
Can't speak about exits and so on bc I don't have the relevant experience but life is long and you have plenty of time to succeed in your career.
No point in suffering working something not as enjoyable and risking a burnout...
I remember seeing a thread about PC vs PE with a mention on PC exits, def included credit HFs, you should probably look around and you'll find it quickly (use google search function it's so much better than the WSO one I find). In my opinion PC skillset should be quite applicable to a credit HF bar certain very esoteric strategies but then again it's not like IB would prepare you for those either (I imagine the case for IB there is more that it makes you a skilled workhorse but still a blank board on the investing so they can teach you everything). You could perhaps also use LinkedIn to check the exits from your shop (it might not reveal a ton though as the PC boom is quite recent).
If your shop is good, the learning is good and you liked the people it seems like a clear go to me. From a quant perspective IB has pretty much no value, but PC might at least gift you a solid understanding of the factors at play in credit strats, though that will also be a little secondary considering the nature of quant jobs.
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